Chinese July refinery runs are under pressure from heavy refinery turnarounds, but they could still increase from June levels following Beijing's decision to allow more refined products exports and some signs of healthier domestic margins. However, they are highly unlikely to recover as fast as South Korean refining runs.
China's Refinery Runs Will Take Time to Recover
Chinese refiners have yet to start ramping up their operating runs, almost a month after Iran and the US signed an initial MOU.













